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10 Francs / 2 Ariary

Issuer Banky Foiben'i Madagasikara
Year 1996
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Composition Copper plated steel
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Obverse script Latin
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Reverse script Latin
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Additional information

The dual denomination — francs alongside ariary — reflects Madagascar's prolonged monetary transition after independence from France in 1960. The ariary was officially the primary unit, with the franc retained as a subdivision (1 ariary = 5 francs), but public familiarity with franc-denominated pricing kept both values on coinage well into the 1990s. The franc was not formally retired until 2005.

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